MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
UTV ENTERTAINMENT TELEVISION LIMITED (w.e.f.05.11.2007) |
|
|
|
|
Formerly Known
As : |
V AND S BROADCASTI NG LIMITED (w.e.f. 04.06.2007) V AND S BROADCASTI NG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, Building No.14, Solitaire Corporate Park, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400093, Maharashtra |
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|
Country : |
India |
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|
Financials (as on)
: |
31.03.2014 |
|
|
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|
Date of
Incorporation : |
28.04.2007 |
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|
Com. Reg. No.: |
11-170405 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 88.720 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200MH2007PLC170405 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV14871D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV4782D |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Providing Telecommunication, Broadcasting and Information
Supply Services. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of UTV Global Broadcasting Limited. It is an
established company having moderate track record. There appears consecutive losses recorded by the company from its
operating activities leading erosion of its networth. External borrowing of
the company seems to be increasing during the financial year 2014. However, trade relations are reported as decent. Business is active.
Payment terms are slow. In view of strong holding, the company can be considered for business
dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-61091000)
LOCATIONS
|
Registered Office : |
1st Floor, Building No.14, Solitaire Corporate Park, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400093, Maharashtra,
India |
|
Tel. No.: |
91-22-40981400/ 40981800 |
|
Fax No.: |
91-22-40981650/ 40981510 |
|
E-Mail : |
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|
|
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|
Head Office : |
A-18 and A-19, Sector 16, Noida – 201301, Uttar Pradesh, India |
|
Tel No.: |
91-120-4695353 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Nikhil Kanti Gandhi |
|
Designation : |
Director |
|
Address : |
Joseph Avenue, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1977 |
|
Qualification : |
B. com, M.Com., PGDAM |
|
Date of Appointment : |
27.07.2012 |
|
DIN No.: |
00744698 |
|
|
|
|
Name : |
Mr. Sameer Kalpathy Ganapathy |
|
Designation : |
Director |
|
Address : |
Pathare Marg, Off Sitadevi Temple Road, Mahim – 400016, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1978 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
05215983 |
|
|
|
|
Name : |
Mr. Nitin Dadoo |
|
Designation : |
Director |
|
Address : |
Yari Road, Varsova, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
11.09.1975 |
|
Qualification : |
B.com, C.A. |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
05222454 |
KEY EXECUTIVES
|
Name : |
Mr.
Puneet Juneja |
|
Designation : |
Company
Secretary |
|
Address : |
303,
|
|
Date of Birth/Age : |
23.09.1979 |
|
Date of Appointment : |
28.04.2010 |
|
PAN No.: |
AFRPJ9169H |
|
|
|
|
Name : |
Mr. Mandeep Singh |
|
Designation : |
Director - Ad Sales, Kids Channels |
|
|
|
|
Name : |
Mr. Manish Dubey |
|
Designation : |
Director - UTV Stars, Content Group |
|
|
|
|
Name : |
Mr. Kunal Mukharjee |
|
Designation : |
Director – Movie Channels, Product Planning Group |
|
|
|
|
Name : |
M K Anand |
|
Designation : |
Managing Director - Media Networks, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
UTV Global Broadcasting Limited, |
8872146 |
|
*Nimish Shah |
1 |
|
*Anuraag Shroff |
1 |
|
*Sujit Vaidya |
1 |
|
*S. Venkata Subramanian |
1 |
|
*Charles Jacob |
1 |
|
*Roshini Bakshi |
1 |
|
Total |
8872152 |
NOTE:
*Holding shares as a nominee of UTV Global Broadcasting Limited.
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Telecommunication, Broadcasting and Information Supply Services. |
||||
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||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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|
|
|
Bankers : |
· Axis Bank Limited, Credit Management Center, Unit No 6,Corporate Park, Chembur, Mumbai - 400071, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
· Sicom Limited, Nirmal Building, 1st Floor, Nariman Point, Mumbai - 400021, Maharashtra, India · SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
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|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, The Mellenia, 1 and 2 Murphy Road, Ulsoor, Bangalore, Karnataka, India |
|
Income-tax PAN of auditor or auditor's firm : |
AADFP9359C |
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|
|
|
Holding Company : |
UTV Global Broadcasting Limited CIN No.: U32300MH2007PLC171337 |
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|
|
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Intermediate
Holding Company: |
· The Walt Disney Company (Southeast Asia) Pte Limited · UTV Software Communications Limited CIN No.: U72200MH1990PLC056987 |
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|
|
|
Ultimate Holding
Company: |
The Walt Disney Company * *All the Global and other entities under the common control of The Walt Disney Company which do not have any transactions with the Company during the year are not disclosed here. |
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|
|
|
Fellow
Subsidiary Company : |
· Genx Entertainment Limited · UTV Communications (USA) LLC · Indiagames Limited CIN No.: U72900MH2000FLC123970 · The Walt Disney Company (India) Private Limited CIN No.: U74999DL2003PTC121582 · Buena Vista Games · UTV New Media Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9550000 |
Equity Shares |
Rs. 10/- each |
Rs.95.500 Millions |
|
1500000 |
Preference Shares |
Rs. 10/- each |
Rs.15.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.110.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8872152 |
Equity Shares |
Rs. 10/- each |
Rs.88.720 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
88.720 |
86.520 |
64.640 |
|
(b) Reserves & Surplus |
(307.670) |
124.120 |
281.030 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(218.950) |
210.640 |
345.670 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1267.260 |
1267.260 |
417.260 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.490 |
15.950 |
4.740 |
|
Total Non-current
Liabilities (3) |
1278.750 |
1283.210 |
422.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1252.450 |
688.930 |
850.000 |
|
(b) Trade
payables |
436.330 |
559.680 |
832.130 |
|
(c) Other
current liabilities |
86.630 |
48.720 |
126.810 |
|
(d) Short-term
provisions |
5.800 |
2.720 |
0.360 |
|
Total Current
Liabilities (4) |
1781.210 |
1300.050 |
1809.300 |
|
|
|
|
|
|
TOTAL |
2841.010 |
2793.900 |
2576.970 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
27.850 |
43.190 |
58.790 |
|
(ii)
Intangible Assets |
9.020 |
14.650 |
20.100 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
377.960 |
|
(d) Long-term Loan and Advances |
258.310 |
234.990 |
209.060 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
295.180 |
292.830 |
665.910 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1842.360 |
1781.690 |
1297.850 |
|
(c) Trade
receivables |
423.490 |
494.690 |
307.670 |
|
(d) Cash
and cash equivalents |
9.710 |
1.890 |
82.370 |
|
(e)
Short-term loans and advances |
260.020 |
222.800 |
223.170 |
|
(f) Other
current assets |
10.250 |
0.000 |
0.000 |
|
Total Current
Assets |
2545.830 |
2501.070 |
1911.060 |
|
|
|
|
|
|
TOTAL |
2841.010 |
2793.900 |
2576.970 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1385.500 |
1279.050 |
1235.660 |
|
|
|
Other Income |
8.920 |
0.010 |
5.510 |
|
|
|
TOTAL (A) |
1394.420 |
1279.060 |
1241.170 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
265.870 |
227.110 |
179.990 |
|
|
|
Expenditure on production, transportaion and other
expenditure pertaining to E&P activities |
1333.570 |
1612.940 |
0.000 |
|
|
|
Other expenses |
271.670 |
254.450 |
1735.910 |
|
|
|
TOTAL (B) |
1871.110 |
2094.500 |
1915.900 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(476.690) |
(815.440) |
(674.730) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
214.290 |
129.790 |
26.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(690.980) |
(945.230) |
(701.080) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.520 |
21.840 |
34.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(708.500) |
(967.070) |
(735.640) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
377.960 |
1.490 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(708.500) |
(1345.030) |
(737.130) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Advertisement Sales |
117.750 |
|
|
|
|
|
Subscription Income |
17.850 |
0.000 |
|
|
|
|
Program Syndication |
27.910 |
0.000 |
|
|
|
TOTAL EARNINGS |
163.510 |
57.740 |
9.190 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.000 |
0.000 |
51.460 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
51.460 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(80.60) |
(185.03) |
(132.24) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(51.14) |
(105.16) |
(59.65) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(34.41) |
(63.75) |
(54.60) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.94) |
(34.61) |
(33.45) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.24 |
(4.59) |
(2.13) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(11.51) |
9.29 |
3.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.92 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
64.640 |
86.520 |
88.720 |
|
Reserves & Surplus |
281.030 |
124.120 |
-307.670 |
|
Net
worth |
345.670 |
210.640 |
-218.950 |
|
|
|
|
|
|
long-term borrowings |
417.260 |
1267.260 |
1267.260 |
|
Short term borrowings |
850.000 |
688.930 |
1252.450 |
|
Total
borrowings |
1267.260 |
1956.190 |
2519.710 |
|
Debt/Equity
ratio |
3.666 |
9.287 |
-11.508 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1235.660 |
1279.050 |
1385.500 |
|
|
|
3.511 |
8.323 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1235.660 |
1279.050 |
1385.500 |
|
Profit/ (Loss) |
(737.130) |
(1345.030) |
(708.500) |
|
|
(59.65%) |
(105.16%) |
(51.14%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
850.000 |
850.000 |
|
Rupee term loans from others |
417.260 |
417.260 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
1252.450 |
688.930 |
|
Total |
2519.710 |
1956.190 |
GENERAL INFORMATION
The Company was incorporated in India as a Public Limited Company under the Companies Act, 1956 on April 28, 2007. The Company is a 100% subsidiary of UTV Global Broadcasting Limited (UGBL) which in turn is the subsidiary of UTV Software Communications Limited (USCL). The Company owns and operates four channels namely UTV Movies, UTV World Movies, 'UTV Stars' and 'Disney Junior'.
BUSINESS OVERVIEW
The Company owns and operates four channels namely UTV Movies, UTV Stars, UTV World Movies and Disney Junior. UTV Movies caters to one of the biggest entertainment genres on Indian Television Hindi movies. It has access to an enviable slate of movies from the UTV library which includes the biggest blockbusters and has also acquired movies from multiple companies across India. Despite being one of the youngest in the genre, the channel continues to enjoy patronage both from audiences and advertisers. The GRPs have remained at 40 to 45 during the year. The channel intends to further strengthen its library and increase the access to premiers in the coming financial year.
UTV Stars caters to the need for Bollywood content in India and is a premium channel which gives the best of Bollywood content to audiences. In this financial year UTV Stars continued serving Bollywood content to audiences with shows like Stars@10, Just Khans, Style Addict, Whats this Friday, Stars in City, Breakfast to Dinner, etc., UTV Stars also launched a new show TV Shivi which focused on Television Stars, with the intent to widen its viewership base.
UTV Stars will continue in its present avatar till September 2014, offering popular music and feature based programming to audiences. In October 2014, the Company will unveil a refreshed channel offering, with a new brand proposition complemented with fresh packaging, new content and a new brand name, that further fortifies the bindass brand and creates an entertainment proposition for youth.
UTV World Movies is the first channel of its kind which brings World cinema to Indian television. UTV World Movies has acquired International blockbusters in varied languages like Italian, French, German, Spanish, Polish, Japanese, Korean, Chinese. However, the Company intends to shut this channel to start Disney XD during FY 14-15. Disney XD is the channel targeting boys in the age group of 6 to 11 yrs. It transports the kids into the worlds of hilarious, outrageous, fun and awesome, inspiring adventures.
The Company also intends to launch Disney Channel during FY14-15. The target audience of Disney Channel will be kids in the age group of 2 to 14 yrs, including their families. Apart from animation series, the channel will also exhibit local live action/ fiction content.
Disney Junior is the premier channel targeting preschoolers and early schoolers with high quality, engaging stories with their favorite Disney characters as well as some brand new ones. The content is presented in a manner that is highly entertaining and useful at the same time, which helps them with early stage social and life skills. Currently served as an ad-free channel, Disney Junior is already available in over 20 million homes, within a year of its launch.
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Furniture and Fixtures
· Office Equipment
· Leasehold Improvements
Intangible Assets
· Computer Software
· Copyrights, Patents and Other Operating Rights
· Licenses and Franchise
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.